Financing when DTI is too high

[Tabitha Jones]

Hey Everyone! 

So I went to be pre-approved for my first investment property, but was denied by 2 lenders because the property would put my DTI too high. I have good credit and enough cash for down payment and closing ect.

I have my personal mortgage , auto loan, student loans, and 1 credit card with a balance. (Thought this was pretty typical) I'm not sure how people carry even 2 or 3 mortgages in just their name without sky rocketting their DTI.

Anyway my question is what are some ideas to get approved other than straight conventional loans since my DTI is too high?

I know the idea would be to pay down my personal debt, which I will work on, but that takes time. And even if i pay down the other debt I still would never be able to have more than 2 morgages in my name alone based on my income.

Thanks in advance!